New details reveal that former NVIDIA CEO Jensen Huang used circular financing to fund AI startups and absorb excess TSMC wafers and memory rather than letting GPU prices drop
While Jensen can’t be faulted for making these moves because he was keeping the best interests of the company in mind, it’s a stab in the back for gamers and hardware owners who are unable to locate any mouth-watering deals for GPUs or memory because of the perceived shortage.
I really dislike this final paragraph. In one sentence, it both attempts to absolve Jensen of all fault in the current shortage, and frames gamers and hardware enthusiasts as entitled babies crying about the lack of amazing sales. Rather than the reality of high-end GPUs requiring you to take out a loan at this point, if you can even find one. I don’t need a “mouth-watering deal”, I’ll settle for affordable, thanks.
While Jensen can’t be faulted for making these moves because he was keeping the best interests of the company in mind, it does kind of suck that he’s actively destroying the planet and ruining people’s lives.
Since when is doing business an excuse for everything? Oh, right, it’s America…
Crazy final paragraph. The whole article is about Nvidia has artificially created scarcity for its products by funding AI start ups to buy it’s products.
It is effectively buying back its own products. This alongside the circular payment systems between AI companies and Nvidia is destined to end very very badly. It can only work while the market grows and share prices go up. It is destined to be one catastrophic collapse when things go the other way.
I have a deep seeded desire to have a 401k but little direct control over how much Nvidia they bought for me. Many 401k packages do not allow particularly granular investments even if I would prefer to shield myself from this obvious financial ant mill.
It’s not even true. Because it was definitely NOT in the company‘s best interest to smuggle hardware to China. He just enabled future competitors with that move and broke the law. He also did not have to cozy up to the orange turd to keep Nvidia afloat.
What I‘m trying to say is: He definitely did not always had Nvidia‘s interests in mind so why try to make that argument there? It‘s just dishonest.
Besides „the law says the company must make money“ does not absolve anyone for acting morally wrong. That way of thinking is why so many things are messed up right now.
It has a point in that Jensen was not alone in these decisions and the real blame should be placed on Nvidia as a whole. The headline pins the blame solely on Jensen, using him as a scapegoat while the actual company dodges blame and continues its anti-consumer practices.
Jup but it‘s easier to imagine what comes after the apocalypse than it is to imagine what comes after capitalism for those people. They don‘t see that the system is rigged or that CEOs of big corporations do their jobs knowing that because they are shit bags.
Few groups have been bigger apologists for their corporate abusers than capital-G Gamers. They would have followed Nvidia into hell itself so long as Huang blew even the thinnest wisps of smoke up their unwashed asses. Discovering that their hardware suppliers have only ever used them for their money has seriously hurt their egos and broken their brains.
It’s like Gamers thought they were dating the most popular kid in school, only to discover that they were only hanging out with Gamers because Gamers’ mom had an old Mustang that she like them drive. Now they’re dating someone rich college student who owns a Porche, and they’re not returning Gamers’ calls, and they’re going through all of the phase of teenage grief.
Discovering that their hardware suppliers have only ever used them for their money has seriously hurt their egos and broken their brains.
I get what you’re trying to say here, but this part is literally just how retail works. I pay you money, you give me the goods I want, and the money I pay you enables you to stay in business producing whatever it is for when I need another one.
I think basically the entirety of Nvidia’s leadership could be pushed into a volcano and the average value of humanity would slightly increase. But expecting their operation to be some kind of charity is a bit silly.
The major thing that us capital-G gamers have been pissed about, and rightfully so, is not only Nvidia’s rather well documented abuse of its consumer side customer base for a very long time but also the fact that they’re functionally the only game in town for a lot of purposes. Now it turns out that this is for completely artificial reasons, i.e. Jensen Huang formerly of Nvidia and Lisa Su of AMD are literally blood related to each other and privately agreed not to compete with each other in the high end consumer GPU market. So by design there isn’t even any competition. AMD “wins” in processors and Nvidia “wins” in video cards and both of them can therefore just charge whatever the fuck they want. That is indeed some bullshit.
This isn’t a suffering competition, you’re being ridiculous. You can say that about literally anything anybody complains about. No, while the things happening in Palestine are fucking horrific, “but worse things happen” doesn’t invalidate other peoples’ problems.
Frankly you sound like an ass even comparing the two.
Yes, it is a first world problem. That doesn’t invalidate it. Fun fact, first world problems are still problems! If you had said that in response to people pretending the inability to buy a graphics card is as bad as a kid having their leg blown off, I would have no issue with your comment. But nobody is doing that, so it’s a stupid ass argument.
An orphan, is by definition, alive. No one talks about “dead orphans”. Bruce Wayne isn’t a “live orphan”.
Anyway, my comment was about the privilege Western gamers have in 2026.
“NOAAWW! You can’t take away my high-end video cards! I have the RIGHT to play video games at a reasonable price!”
Imagine explaining your vast suffering under these filthy capitalists from your watertight, HVAC controlled domicile. Said suffering is way overblown on lemmy.
I hope you think of people with no legs when you stub your toe in the dark.
(Invalidating anyone’s suffering on the basis that someone else out there has it worse would mean that nobody else is justified to suffer than the absolutely most miserable. Suffering is an inescapable facet of the human condition, but it doesn’t mean we shoudn’t try reducing it.)
I mean bootlicking aside, they’re not wrong. Jensen’s a corpo and they will always chase profits. Sometimes stooping to borderline illegal maneuvers like this price fixing thing or the ram cartel. In an ideal world these fuckers would get prosecuted and do jail time, but as it stands we are somewhat at their whims. That’s why I don’t get this entitlement with affordable gpu’s - they’re high tech components and for a while they were more affordable but gamers are no longer the most profitable market so yhings change. There was no “betrayal” and no “abandonment” because no one owes gamers anything, just like they don’t owe the companies anything. Shit’s bkt affordable? Short of a class action lawsuit, tough luck, adapt and move on, because it looks like we’re heading back to the gpu wild west of the late 90s.
You’re getting blasted for this because people don’t want to hear it, not because anything you said was wrong.
The only part I disagree with is the 90s style wild west theme; that would require competition of which none will be able to grow. It’s impossible to catch up to where high end GPU market is right now without an insane investment that could never be recouped. Why would ANYONE bother spending billions trying to white-room a new competing GPU architecture from the ground up just to slip into fourth place behind Intel’s 1% market share? Especially since, as you pointed out, the established players don’t have to follow any laws especially when it comes to buying up and dissolving any and all competition in their field.
No, they are getting blasted for agreeing with the batshit take of the journalist claiming that Jensen cannot be faulted for committing crimes in the interests of his company.
That’s not how I read it at all, it looks to me as if he’s ACKNOWLEDGING the actual fact that nvidia was able to commit those crimes with absolute impunity, has not been held individually or collectively responsible, and probably won’t in any time-frame that’s going to realistically change the course of these events.
He cannot be faulted by people who won’t fault him. Laws that are not enforced are more like suggestions.
I really dislike this final paragraph. In one sentence, it both attempts to absolve Jensen of all fault in the current shortage, and frames gamers and hardware enthusiasts as entitled babies crying about the lack of amazing sales. Rather than the reality of high-end GPUs requiring you to take out a loan at this point, if you can even find one. I don’t need a “mouth-watering deal”, I’ll settle for affordable, thanks.
“making these moves” = market manipulation
He sure as fuck can be faulted for that, it is literally a crime. What is this journalist smoking?
Pure unadulterated capitalism.
Jensen’s Wang
Since when is doing business an excuse for everything? Oh, right, it’s America…
Crazy final paragraph. The whole article is about Nvidia has artificially created scarcity for its products by funding AI start ups to buy it’s products.
It is effectively buying back its own products. This alongside the circular payment systems between AI companies and Nvidia is destined to end very very badly. It can only work while the market grows and share prices go up. It is destined to be one catastrophic collapse when things go the other way.
It’s also illegal pretty much everywhere.
This is only possible because the stock market is a fucking Ponzi scheme
gamers relearning capitalism in real time😯
Interesting best interests. I guess Nvidia investors could all have a deep seeded masochistic and self-destruction fetish, but it sounds unlikely.
I have a deep seeded desire to have a 401k but little direct control over how much Nvidia they bought for me. Many 401k packages do not allow particularly granular investments even if I would prefer to shield myself from this obvious financial ant mill.
I have a deep seeded desire to correct this to deep seated
you may be right but I think deep seeded makes more actual sense. How about I call it deeply rooted and then we’re both a little right.
It’s not even true. Because it was definitely NOT in the company‘s best interest to smuggle hardware to China. He just enabled future competitors with that move and broke the law. He also did not have to cozy up to the orange turd to keep Nvidia afloat.
What I‘m trying to say is: He definitely did not always had Nvidia‘s interests in mind so why try to make that argument there? It‘s just dishonest.
Besides „the law says the company must make money“ does not absolve anyone for acting morally wrong. That way of thinking is why so many things are messed up right now.
I thought China wasn’t the issue but them selling to Russia.
China was the middle man in that transaction.
It has a point in that Jensen was not alone in these decisions and the real blame should be placed on Nvidia as a whole. The headline pins the blame solely on Jensen, using him as a scapegoat while the actual company dodges blame and continues its anti-consumer practices.
Be nice, fraud was in the company’s best interest
As long as the fines don’t affect the profits more than the increased sales. Which they never do.
Capitalism hurt itself in its confusion!
TIL no matter what you do it’s always justified as long as you’ve had your company’s interest on your mind
That is exactly what the tobacco and oil companies have been arguing for decades.
Killing your customers or the planet are much less important things than constantly increasing corporate revenue.
Jup but it‘s easier to imagine what comes after the apocalypse than it is to imagine what comes after capitalism for those people. They don‘t see that the system is rigged or that CEOs of big corporations do their jobs knowing that because they are shit bags.
Few groups have been bigger apologists for their corporate abusers than capital-G Gamers. They would have followed Nvidia into hell itself so long as Huang blew even the thinnest wisps of smoke up their unwashed asses. Discovering that their hardware suppliers have only ever used them for their money has seriously hurt their egos and broken their brains.
It’s like Gamers thought they were dating the most popular kid in school, only to discover that they were only hanging out with Gamers because Gamers’ mom had an old Mustang that she like them drive. Now they’re dating someone rich college student who owns a Porche, and they’re not returning Gamers’ calls, and they’re going through all of the phase of teenage grief.
I get what you’re trying to say here, but this part is literally just how retail works. I pay you money, you give me the goods I want, and the money I pay you enables you to stay in business producing whatever it is for when I need another one.
I think basically the entirety of Nvidia’s leadership could be pushed into a volcano and the average value of humanity would slightly increase. But expecting their operation to be some kind of charity is a bit silly.
The major thing that us capital-G gamers have been pissed about, and rightfully so, is not only Nvidia’s rather well documented abuse of its consumer side customer base for a very long time but also the fact that they’re functionally the only game in town for a lot of purposes. Now it turns out that this is for completely artificial reasons, i.e. Jensen Huang formerly of Nvidia and Lisa Su of AMD are literally blood related to each other and privately agreed not to compete with each other in the high end consumer GPU market. So by design there isn’t even any competition. AMD “wins” in processors and Nvidia “wins” in video cards and both of them can therefore just charge whatever the fuck they want. That is indeed some bullshit.
It’s not artificial reasons. This is just how markets operate. Once they’re pared down to a handful of players, they split territory like gangs.
This is the late-stage capitalism people keep talking about. This is what it looks like. It’s the normal, natural progression of the system.
And don’t forget tech “reviewers” like Linus who badmouth Nvidia and then only show their fucking GPUs in every video that isn’t an AMD benchmark
NAILED. IT. I’d love all the people who feel they have a right to video cards explain that to a Palestinian orphan.
This isn’t a suffering competition, you’re being ridiculous. You can say that about literally anything anybody complains about. No, while the things happening in Palestine are fucking horrific, “but worse things happen” doesn’t invalidate other peoples’ problems.
Frankly you sound like an ass even comparing the two.
gaming graphics card scalping is literally a first world luxury “problem”.
Yes, it is a first world problem. That doesn’t invalidate it. Fun fact, first world problems are still problems! If you had said that in response to people pretending the inability to buy a graphics card is as bad as a kid having their leg blown off, I would have no issue with your comment. But nobody is doing that, so it’s a stupid ass argument.
Why should anyone explain that to a dead kid?
An orphan, is by definition, alive. No one talks about “dead orphans”. Bruce Wayne isn’t a “live orphan”.
Anyway, my comment was about the privilege Western gamers have in 2026.
“NOAAWW! You can’t take away my high-end video cards! I have the RIGHT to play video games at a reasonable price!”
Imagine explaining your vast suffering under these filthy capitalists from your watertight, HVAC controlled domicile. Said suffering is way overblown on lemmy.
I hope you think of people with no legs when you stub your toe in the dark.
(Invalidating anyone’s suffering on the basis that someone else out there has it worse would mean that nobody else is justified to suffer than the absolutely most miserable. Suffering is an inescapable facet of the human condition, but it doesn’t mean we shoudn’t try reducing it.)
If the parents die it’s an orphan. If the orphan then dies it is a dead orphan.
Chiming in with “there is greater misery in the world” is so tonedeaf. Yes, we all know. What does this has to do with the Problem that is discussed?
Go to therapy if all that is laying so heavy on you that you have to make every discussion about what’s on your mind.
Yeah, agreed.
Also, every gamer I know hates this guy and loved the last week of news.
I mean bootlicking aside, they’re not wrong. Jensen’s a corpo and they will always chase profits. Sometimes stooping to borderline illegal maneuvers like this price fixing thing or the ram cartel. In an ideal world these fuckers would get prosecuted and do jail time, but as it stands we are somewhat at their whims. That’s why I don’t get this entitlement with affordable gpu’s - they’re high tech components and for a while they were more affordable but gamers are no longer the most profitable market so yhings change. There was no “betrayal” and no “abandonment” because no one owes gamers anything, just like they don’t owe the companies anything. Shit’s bkt affordable? Short of a class action lawsuit, tough luck, adapt and move on, because it looks like we’re heading back to the gpu wild west of the late 90s.
That’s not the point though.
The journalist literally wrote that he cannot be faulted for committing crimes in the interest of his company. He absolutely can be faulted for that.
Yea, I agree. The shit we’re in is due in large part to him
when the players keep the game running, hate the players.
You’re getting blasted for this because people don’t want to hear it, not because anything you said was wrong.
The only part I disagree with is the 90s style wild west theme; that would require competition of which none will be able to grow. It’s impossible to catch up to where high end GPU market is right now without an insane investment that could never be recouped. Why would ANYONE bother spending billions trying to white-room a new competing GPU architecture from the ground up just to slip into fourth place behind Intel’s 1% market share? Especially since, as you pointed out, the established players don’t have to follow any laws especially when it comes to buying up and dissolving any and all competition in their field.
No, they are getting blasted for agreeing with the batshit take of the journalist claiming that Jensen cannot be faulted for committing crimes in the interests of his company.
That’s not how I read it at all, it looks to me as if he’s ACKNOWLEDGING the actual fact that nvidia was able to commit those crimes with absolute impunity, has not been held individually or collectively responsible, and probably won’t in any time-frame that’s going to realistically change the course of these events.
He cannot be faulted by people who won’t fault him. Laws that are not enforced are more like suggestions.